Liquidators appeal to law lords

The law lords are deciding whether to hear an appeal by the liquidators of Park Air Services against a decision by the Court of Appeal on 22 July 1997 in a battle over money said to be due to Park Air under the lease of office buildings in Gray's Inn Road, London. The liquidators sought to disclaim the lease under the provisions of the Insolvency Act 1986 and succeeded in the High Court in February 1996. But the Appeal Court overruled that decision.